Breaking: BlockFi uncensored financials reportedly shows $1.2B FTX exposure

Bankrupt crypto lending firm BlockFi has reportedly uploaded uncensored financials by mistake, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and irelated trading firm Alameda Research.that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX and a whopping $831.3 million in loans to Alameda.

The previously censored financials were leaked as part of a presentation put together by M3 Partners, which is an advisor to the creditor committee and has reportedly admitted the filing was uploaded in error.relates to the creditor committee's objection that BlockFi is seeking to pay key employees $12.3 million in retention payments despite their limited operations and assets., the redacted portions include “trade secret[s] or confidential research, development, or commercial information.

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I’m not getting my $BTC back am I BlockFi - sad times 😢

So happy i pulled outta these guys last year..

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Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposureBankrupt crypto lending firm BlockFi has reportedly uploaded financial documents by mistake showing a $1.2 billion tie up with FTX and Alameda Research. Here we go again 🙄 According to a Jan. 24 report from CNBC, the unredacted filings show that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX and a whopping $831.3 million in loans to Alameda. While BlockFi has attempted to separate itself from FTX and Alameda throughout its bankruptcy proceedings the state of financial obligations between the firms is complicated.
Source: Cointelegraph - 🏆 562. / 51 Read more »